=+5-24 KK Job costing, unit cost, ending work in process OBJECTIVES 4, 5 Raymond Ltd produces pipes for concert-quality organs. Each job is unique. In April 2014 it completed all outstanding orders, and then, in May 2014, it worked on only two jobs, M1 and M2:

200 Chapter 5: Product and service costing M05_HORN3377_02_LT_C05.indd 200 2/09/13 3:24 PM 1

2 3

A B C Raymond Ltd, May 2014 Job M1 Job M2 Direct materials $ 75 000 $ 50 000 Direct manufacturing labour 275 000 200 000